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via Decrypt · By Decrypt Editorial

Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt

BTC

BTC/USDT

$84,812.64
+1.75%
24h Volume

$20,122,709,674.97

24h H/L

$84,942.45 / $82,874.93

Change: $2,067.52 (2.49%)

Long/Short
57.2%
Long: 57.2%Short: 42.8%
Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$84,264.00

▼ -0.17%

Volume (24h): -

Resistance Levels
Resistance 3$94,549.91
Resistance 2$86,763.46
Resistance 1$84,366.01
Price$84,264.00
Support 1$83,209.30
Support 2$77,001.87
Support 3$75,259.66
Pivot (PP):$84,075.87
Trend:Uptrend
RSI (14):64.9
DE
Decrypt Editorial
(02:35 PM UTC)
1 min read
DK
Verified byDavid Kim

In brief

  • Strategy used 61% of its dedicated cash buffer ($1.38 billion) to repurchase $1.5 billion in convertible notes.
  • Despite earlier corporate signals, the firm’s entire stash of 843,738 Bitcoin remained untouched during the debt repurchase.
  • Although Bitcoin’s price has fallen roughly 12% year-to-date, the Bitcoin buying firm’s common shares have advanced 8.8% since January.

Strategy burned…

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Source

Decrypt Editorial · Decrypt

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